New century liquidating trust

Posted by / 06-Aug-2017 03:53

New century liquidating trust

The Examiner wrote that the potential claims "could seek millions of dollars in recoveries." (Id.). Although the Debtors' Schedules were amended in March 2008, Schedule B for NCFC continues to list the Deferred Compensation Trust as being owned by NCFC (See docket no. [agreement creating the Trust] or the Plan to the contrary." (Adv. The assets of the Operating Debtors include proceeds from the sales of the Debtors' servicing business and mortgage loans not subject to repurchase transactions. In the alternative, the Ad Hoc Committee argues that the terms of the Deferred Compensation Plan and the Trust provide that the Deferred Compensation Trust is available only to the general creditors of NCFC, and not to other types of creditors of NCFC or of creditors of the other Debtors, including other Holding Company Debtors. Substantive consolidation is a construct of federal common law that emanates from equity. "It `treats separate legal entities as if they were merged into a single survivor left with all the cumulative assets and liabilities (save for inter-entity liabilities which are erased). Stapleton (In re Genesis Health Ventures, Inc.), , 423 (3d Cir.2005).

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 |

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than 0 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating 7 million in mortgage loans in its first year of operation in 1996 to approximately billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | ,083,658.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

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Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | 5,060,366.38| ,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | ,643,310.10 | 9,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | 4,278,102.87| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | ,494,811.17| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | ,299,123.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | 2,680,803.78|

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | 4,689,062.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | 0,727,752.81| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | 1,493,064.56| 4,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | 9,061,982.05| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

billion in February 2007, and it had credit facilities of .4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | 5,060,366.38| ,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | ,643,310.10 | 9,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | 4,278,102.87| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | ,494,811.17| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | ,299,123.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | 2,680,803.78|

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | 4,689,062.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | 0,727,752.81| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | 1,493,064.56| 4,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | 9,061,982.05| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

billion in February 2007, and it had credit facilities of .4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | 5,060,366.38| ,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | ,643,310.10 | 9,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | 4,278,102.87| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | ,494,811.17| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | ,299,123.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | 2,680,803.78|

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | 4,689,062.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | 0,727,752.81| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | 1,493,064.56| 4,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | 9,061,982.05| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

billion in February 2007, and it had credit facilities of .4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | 5,060,366.38| ,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | ,643,310.10 | 9,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | 4,278,102.87| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | ,494,811.17| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | ,299,123.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | 2,680,803.78|

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | 4,689,062.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | 0,727,752.81| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | 1,493,064.56| 4,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | 9,061,982.05| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

billion in February 2007, and it had credit facilities of .4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | 5,060,366.38| ,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | ,643,310.10 | 9,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | 4,278,102.87| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | ,494,811.17| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | ,299,123.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | 2,680,803.78|

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | 4,689,062.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | 0,727,752.81| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | 1,493,064.56| 4,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | 9,061,982.05| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

billion in February 2007, and it had credit facilities of .4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | 5,060,366.38| ,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | ,643,310.10 | 9,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | ,000,000.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | 4,278,102.87| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | ,494,811.17| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | ,299,123.00 | [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | 2,680,803.78|

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

||

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | ,000,000.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

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Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan"). The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties. Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

]].00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | 4,689,062.00| [[

Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.

On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3c | 224 | 195 | 12 | $302,680,803.78| $1,201,140.77 | | | | | (94.20%) | (5.80%) | (99.60%) | (0.40%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP6b | 10 | 10 | 0 | $144,689,062.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P6c | 12 | 12 | 0 | $160,727,752.81| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P9a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP9b | 212 | 182 | 9 | $271,493,064.56| $154,606.17 | | | | | (95.29%) | (4.71%) | (99.94%) | (0.06%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP12 | 12 | 5 | 0 | $269,061,982.05| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | ------------------------------------------------------------------------------------- (Edmonson Declaration, at 5-6).

On June 1, 2007, this Court ordered the United States Trustee for Region 3 (the "U. Trustee") to appoint an examiner to, inter alia, "investigate any and all accounting and financial statement irregularities, errors, or misstatements" and to prepare a report. New Century's equity securities were traded on the New York Stock Exchange ("NYSE"), the Company had a market capitalization of over $1 billion in February 2007, and it had credit facilities of $17.4 billion to finance its activities. On February 7, 2007, NCFC announced that it needed to restate its 2006 interim financial statements. Various members of the Creditors' Committee had differing views on which Debtor entity was entitled to the Litigation Proceeds. Allocation of the Litigation Proceeds was conditioned upon compromise on the EPD/Breach Protocol and the allocation of administrative costs. 5396), the Claims and Noticing Agent tabulated the timely, validly-executed ballots received, and prepared a summary which showed that every class of creditors entitled to vote accepted the Plan, except Class HC3b (consisting of "Other Unsecured Claims against NCFC"). The Ad Hoc Committee is comprised of beneficiaries (the "Deferred Compensation Beneficiaries") of The New Century Financial Corporation Deferred Compensation Plan and/or The New Century Financial Corporation Supplemental Executive Retirement/Savings Plan (the "Deferred Compensation Plan").

The Retail Division, which was operated by debtor Home 123 Corporation, originated mortgage loans through direct contact with consumers at branch offices as well as through referrals from builders, realtors, and other third parties.

Parlen, O'Melveny & Myers LLP, San Francisco, CA, Mark D. In 2006, the Wholesale Division was responsible for approximately 85% of the mortgage loans originated by the Debtors.

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Under the Master Repurchase Agreements, in the event of default, each of the Repurchase Counterparties had a right to accelerate the Debtors' obligations to repurchase the loans subject to the facility.On April 2, 2007, the Debtors (other than Access Lending) filed chapter 11 bankruptcy cases. The Examiner filed a, First Interim Report on November 21, 2007, addressing the possible unauthorized post-petition use of cash collateral by the Debtors. Missal, Bankruptcy Court Examiner, February 29, 2008 (Docket No. Founded in 1995, NCFC grew to employ over 7,200 people. The loan origination part of the business grew so large that, between April 2005 and December 2006, NCFC funded more than $200 million in loans almost every business day. The Company had grown at an incredible pace since inception, from originating $357 million in mortgage loans in its first year of operation in 1996 to approximately $60 billion in 2006. Ultimately, the parties compromised and agreed to allocate the net Litigation Proceeds by distributing 45% to the EPD/Breach Claimants with claims against NC Capital, 27.5% to the Holding Company Debtors, and 27.5% to the Operating Company Debtors, excluding NC Capital's EPD/Breach Claimants. The Debtors and Creditors' Committee's agreement to split the Litigation Proceeds is but one component of the overall Plan structure. Pursuant to the Solicitation Procedures Order entered by this Court on March 18, 2008, (docket no. The Debtors submitted this summary of the voting results: |-----------------------------------------------------------------------------------| | | Ballots | Number | Number | Dollar Amount | Dollar Amount | Class | |Clan | Cast | Accepting | Rejecting | Accepting | Rejecting | Accepts| |-----|---------|------------|-----------|----------------|----------------|--------| |AL3 | 5 | 4 | 0 | $19,083,658.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3a | 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC3b | 295 | 75 | 203 | $395,060,366.38| $18,955,681.06 | | | | | (26.98%) | (73.02%) | (95.42%) | (4.58%) | No | |-----|---------|------------|-----------|----------------|----------------|--------| |HC7 | 111 | 94 | 9 | $8,643,310.10 | $379,797.92 | | | | | (91.26%) | (8.74%) | (95.79%) | (4.21%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10a| 1 | 1 | 0 | $20,000,000.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC10b| 4 | 4 | 0 | $204,278,102.87| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |HC13 | 1 | 1 | 0 | $16,494,811.17| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |0P3a | 1 | 1 | 0 | $20,000,000.00| $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP3b | 9 | 9 | 0 | $44,299,123.00 | $0.00 | | | | | (100%) | (0%) | (100%) | (0%) | Yes | |-----|---------|------------|-----------|----------------|----------------|--------| |OP